NASDAQ OMX

Northland Power Achieves Major Project Milestone - Hai Long Offshore Wind Project Allocated 300 Megawatts Under Taiwan Feed-in-Tariff Program

Dela

TORONTO, April 30, 2018 (GLOBE NEWSWIRE) -- Northland Power Inc. ("Northland") (TSX:NPI) today announced that the Taiwan Bureau of Energy ("BOE") has allocated 300 megawatts ("MW") to the Hai Long 2 offshore wind farm ("Hai Long 2") under Taiwan's Feed-in-Tariff ("FIT") program.  This is a significant step forward for the project, as it allocates capacity for Hai Long 2 to connect to Taiwan's grid in 2024, and advances the project's ability to execute a 20-year power contract under Taiwan's FIT regime.  Northland and its partner Yushan Energy Pte. Ltd. ("Yushan Energy") own 60% and 40% of Hai Long 2, respectively. 

Hai Long 2 received its environmental permit in early 2018 and advanced development work is ongoing.  Project economics and financing details will be finalized as development progresses; selection of the turbine supplier and negotiation of construction contracts is underway.

Taiwan has excellent wind resources.  In 2015, the government implemented a FIT program with long-term contracts designed to kick-start its offshore wind sector. Northland has established a meaningful presence in Taiwan, and has been working closely with Yushan Energy to complete all remaining regulatory and permit-related activities needed to execute a power purchase agreement for Hai Long 2 in late 2018. This award also places Northland and its partner, Yushan Energy, in a favourable position to continue to develop their remaining Taiwan opportunities for submission into upcoming procurements.

"Today's announcement reflects Northland's continued growth and leadership in the offshore wind sector," said John Brace, CEO of Northland. "This is a great accomplishment for Northland and its partners. We are proud to support Taiwan in their efforts to create a more sustainable future through the transition to renewable energy."

NORTHLAND POWER'S OFFSHORE WIND STRATEGY

Northland Power's objective is to build a leading global offshore wind ownership and operations platform with a full range of operating, development and investment activities.  Obtaining the FIT allocation for the Hai Long 2 project further contributes to the achievement of this objective.

Taiwan is a key focus for Northland, given its robust economy, good investment climate and strong support for renewable energy.

Hai Long 2 will leverage Northland's European offshore wind development, financing, construction and operations experience and would increase Northland's offshore operating capacity to over 1,450 MW gross capacity (net 1,074 MW to Northland) by 2024.

ABOUT NORTHLAND

Northland is an independent power producer founded in 1987, and publicly traded since 1997. Northland develops, builds, owns and operates facilities that produce 'clean' (natural gas) and 'green' (wind, solar, and hydro) energy, providing sustainable long-term value to shareholders, stakeholders, and host communities.

The Company owns or has a gross economic interest  in 2,458 MW (net 2,029 MW) of operating generating capacity and 252 MW of generating capacity under construction, representing the Deutsche Bucht offshore wind project, in addition to the 300 MW (net 180 MW) just awarded to the Hai Long 2 offshore wind project. Northland's cash flows are diversified over four geographically separate regions and regulatory jurisdictions in Canada and Europe.

Northland's common shares, Series 1, Series 2 and Series 3 preferred shares and Series B and Series C convertible debentures trade on the Toronto Stock Exchange under the symbols NPI, NPI.PR.A, NPI.PR.B, NPI.PR.C, NPI.DB.B, and NPI.DB.C, respectively.

About Yushan Energy Pte Ltd.

Yushan Energy Pte Ltd., is an offshore wind energy business and part of Singapore-based Enterprize Energy Group, a low-carbon energy business, which, in addition to the Hai Long Projects in Taiwan, has operations in Vietnam and the United Kingdom.  The Enterprize Energy Group specializes in the identification and evaluation of early stage development opportunities in Asia and Europe and assembles partnerships to take projects forward through development to financing and construction.

The management team was engaged in the early development of the UK offshore wind sector, notably conceiving and developing the Ormonde Project which achieved several 'global-first' accolades: first commercial project to utilise four-legged 'jacket'-type turbine sub-structures; first commercial deployment of 5MW turbines, and the longest single export cable one-piece installation (42km).

For further information contact:
Barb Bokla, Manager, Investor Relations, (647) 288-1438
Sarah Charuk, Director of Communications, (647) 288-1105

investorrelations@northlandpower.com
www.northlandpower.com




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Northland Power Inc. via Globenewswire

Om

NASDAQ OMX
NASDAQ OMX



Följ NASDAQ OMX

Abonnera på våra pressmeddelanden.

Senaste pressmeddelandena från NASDAQ OMX

Sciaky Receives Order for Multiple Electron Beam Additive Manufacturing (EBAM®) Systems to Strengthen America's Defense and Power Generation Programs21.5.2018 09:00Pressmeddelande

CHICAGO, May 21, 2018 (GLOBE NEWSWIRE) -- Sciaky, Inc., a subsidiary of Phillips Service Industries, Inc. (PSI) and leading provider of metal additive manufacturing (AM) solutions, announced today that it has received an order for multiple Electron Beam Additive Manufacturing (EBAM®) systems to bolster the nation's defense and power generation programs. Details of the project are confidential. "Sciaky has a long history of providing innovative solutions to America's military and power generation initiatives," said Scott Phillips, President and CEO of Sciaky, Inc. "Our EBAM process is the only industrial-grade metal 3D printing technology to produce large-scale parts for land, sea, air, and space applications." As the most widely scalable metal additive manufacturing solution in the industry (in terms of work envelope), Sciaky's EBAM systems can produce parts ranging from 8 inches (203 mm) to 19 feet (5.79 meters) in length. EBAM is also the fastest deposition process in the metal addit

Clean Motion skalar upp med mikrofabriker runt om i världen med hjälp av digital masterfabrik från Siemens.21.5.2018 08:11Pressmeddelande

Elfordonstillverkaren Clean Motion, tillverkarare av den elektriska trehjulingen Zbee, har en global expansionsstrategi som bygger på distribuerad lokal tillverkning i många, mindre fabriker nära slutkunden. För att lyckas med en sådan expansion är det viktigt att säkerställa en digitalt definierad produkt och tillverkningsprocess tillsammans med en centralt kontrollerad leverantörskedja. Clean Motion tar nu nästa steg i sin digitaliseringsprocess tillsammans med Siemens, där digitala tvillingar möjliggör en fullt digitaliserad virtuell produkt, tillverkningsprocess och fabrik. Clean Motion har inlett ett samarbete med Siemens och Virtual Engineering för att realisera sin digitaliseringsstrategi. Som en del av den strategin kommer en digital masterfabrik att byggas i Siemens PLM mjukvara. Fabriken kommer sedan möjliggöra anpassningar för införandet av nya varianter samt optimering av produktionsflöden. Clean Motion kommer kunna bygga upp ett stort antal oberoende fysiska fabriker och s

BK Ultrasound, Powered by Analogic, Launches bkSpecto Ultrasound System for Urology at the 2018 American Urological Association Annual Meeting18.5.2018 23:23Pressmeddelande

PEABODY, Mass., May 18, 2018 (GLOBE NEWSWIRE) -- Analogic Corporation (Nasdaq:ALOG), enabling the world's medical imaging and aviation security technology, today announced that it will launch the bkSpecto(TM) ultrasound system at the 113th AUA (American Urological Association) Annual Meeting, May 18-21, in San Francisco. bkSpecto-taken from the Latin word Specto, meaning 'I see'-is BK Ultrasound's all-new ultrasound platform designed for clinical practices. bkSpecto combines BK's advanced auto-optimization algorithms with faster processing to render exceptional anatomical imaging detail with minimal manual adjustment by the user. The system has a unique glass touch-based interface using BK's Tru-Sense(TM) technology to provide 'sightless navigation.' The interface enables tactile feedback with or without gloves, providing an intuitive, self-guided user experience. The interface is also customizable, enabling personalized and faster user workflows. The small footprint of bkSpecto makes

BIMobject AB: BIMobject publicerar årsredovisning för 201718.5.2018 17:25Pressmeddelande

BIMobject, som digitaliserar byggbranschen bland annat via molnbaserade plattformar, har idag publicerat årsredovisningen för 2017 på bolagets hemsida. "Det är med stolthet vi offentliggör årsredovisningen för året 2017 - ett år som för oss inte kan beskrivas annat än som 'explosivt'. Det är fantastiskt roligt att se hur vi fortsätter att effektivisera branscher som äntligen börjar se nyttan och digitaliseringens fulla potential. Att vi sedan har fyra starka trender som ger oss vind i seglet gör framtiden ännu mer lockande. Nu är vi i ett spännande 2018 där vi bland annat ser fram emot att passera milstolpen 1 miljon användare", säger Stefan Larsson, VD på BIMobject. Årsredovisningen finns tillgänglig för nedladdning på: http://info.bimobject.com/bimobject_data/documents/Documents/2017/bimobject-%C3%A5rsredovisning-2017.pdf För mer information, vänligen kontakta: Stefan Hansson - CFO Tel: +46 40 - 685 29 00 E-mail: press@bimobject.com ______________________________________________ Denn

Brookfield Asset Management Announces Renewal of Normal Course Issuer Bid18.5.2018 12:55Pressmeddelande

TORONTO, May 18, 2018 (GLOBE NEWSWIRE) -- Brookfield Asset Management Inc. (NYSE:BAM) (TSX:BAM.A) (EURONEXT:BAMA) ("Brookfield") today announced it has received approval from the Toronto Stock Exchange ("TSX") for the renewal of its normal course issuer bid to purchase up to 82,315,909 Class A Limited Voting Shares ("Class A Shares"), representing 10% of the public float of Brookfield's outstanding Class A Shares. Purchases under the bid will be made through the facilities of the TSX, the New York Stock Exchange ("NYSE") and any alternative Canadian trading system. The period of the normal course issuer bid will extend from May 24, 2018 to May 23, 2019, or an earlier date should Brookfield complete its purchases. Brookfield will pay the market price at the time of acquisition for any Class A Shares purchased. As at May 1, 2018, the number of Class A Shares issued and outstanding totalled 991,857,711, of which 823,159,095 shares represented the public float. In accordance with the rules

Mandalay Resources Corporation går ut med resultaten från årsstämman samt registreringen av ESTMA-rapporten och utnämningen av styrelseledamot17.5.2018 22:00Pressmeddelande

TORONTO den 17 maj 2018 (GLOBE NEWSWIRE) -- Mandalay Resources Corporation ("Mandalay" eller "Bolaget") (TSX:MND) har nöjet att meddela resultatet från årsstämman ("årsstämman") som hölls i dag i Toronto, Ontario. Alla resolutioner som presenterades vid årsstämman godkändes av aktieägarna och röstningen som skedde genom fullmakt motsvarade 79,15 % av de totalt utestående aktierna vid tidsfristen för fullmakter den 14 maj 2018. Val av styrelseledamöter Som meddelat den 14 maj 2018, har Mark Sander avgått som Bolagets President och Chief Executive Officer och drog också tillbaka sin kandidatur för återval till styrelsen. Som resultat fastställdes antalet styrelseledamöter till fem medlemmar och samtliga av de fem nominerade som fanns i bolagsledningens informationsutskick från den 13 april 2018 ("informationsutskicket"), undantaget Mark Sander, valdes om till Bolagets styrelse. Abraham Jonker förblir ledande oberoende styrelseledamot och Bradford Mills fortsätter som styrelseordförande.

I vårt pressrum kan du läsa de senaste pressmeddelandena, få tillgång till pressmaterial och hitta kontaktinformation.

Besök vårt pressrum